SPX500 short term play
Updated
The blue band shows a dynamic support that has held.
The two red triangles represent the surge occurring at this level creating a higher low.
The Green line that passes across is the daily support line from the February rally that has now become resistance.
Seeing there is another clutch play going to happen. I would short if the blue band breaches.
As always trade safe and throw a like if you agree or find it valuable.
The two red triangles represent the surge occurring at this level creating a higher low.
The Green line that passes across is the daily support line from the February rally that has now become resistance.
Seeing there is another clutch play going to happen. I would short if the blue band breaches.
As always trade safe and throw a like if you agree or find it valuable.
Note
2095 to test the upper channel point again seems possible before market open - FYI
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